Realty News
The NCR Planning Board (NCRPB) has given the green signal for more construction activities in ecologically fragile zones like the Aravalis. This step will not only allow more commercial activities in the name of tourism but also will give the state governments virtually a free hand in deciding how they to want to use these areas. All [...] Continue Reading »
Lieutenant-Governor Najeeb Jung is highly likely to give green signal to the Delhi Development Authority’s plan to set up residential units along ‘facility corridors’ in the Capital. Once passed, this amendment in the Master Plan Delhi 2021 will open new areas in the city for housing projects. Regions located on the outskirts of Delhi including [...] Continue Reading »
Under the Rs 50-crore heritage renewal project cleared by the Ministry of Tourism, the Town Hall is to get a makeover; developing the historic landmark as a major tourist attraction. Although the project has been proposed by the New Delhi Municipal Council (NDMC), under whose jurisdiction the nearly 150-year-old building falls, the funds for the [...] Continue Reading »
Tata Housing’s 100 percent subsidiary, Tata Value Homes Ltd (TVHL), in its new initiative, will organize national home buying campaign from February 21 to 24 to make buyers purchase home online with guaranteed appreciation up to 33 per cent. The offer will be available across all TVHL projects in Ahmedabad, Pune, Bengaluru and Chennai. Just [...] Continue Reading »
In a massive housing programme launched for the economically weaker section (EWS), BPL and other categories, the Haryana Housing Board has launched construction of 50,000 affordable houses for over the next two years. Construction of about 30,000 houses has already started. The total cost of the project is being estimated to be over Rs 2,250 [...] Continue Reading »
The government is looking to utilize surplus PSU funds for infrastructure projects to kick-start the investment cycle. National Manufacturing Competitiveness Council has put forth the suggestion and the government has held meetings with heads of various public sector undertakings and secretaries of administrative ministries, as informed to the Parliament. Heavy Industries & Public Enterprises Minister, Praful [...] Continue Reading »
Row over toll plazas on Delhi-Gurgaon Expressway seemed to be over, the next day South Delhi Municipal Corporation asserted in the Delhi High Court that four proposed toll lanes, out of 16, would be grossly inadequate to levy tax on commercial vehicles entering the national capital. The court had recorded a consent order in terms of a tripartite settlement yesterday, among [...] Continue Reading »
The urban development ministry is proposing for an important change in the foreign direct investment (FDI) policy for construction sector, which will permit foreign investors to purchase farm land in India. There has been a proposal to relax the FDI rules for construction and housing by the Department of Industrial Policy and Promotion (DIPP). It has suggested that a company owned and [...] Continue Reading »
Congress president Sonia Gandhi is expected to inaugurate a road projects worth almost R2, 000 crore in her constituency Rae Bareli on February 24. The four projects will lead to smooth connectivity with the corridors that link the state to different parts of the country by linking her constituencies with the neighbouring districts in Uttar Pradesh. While [...] Continue Reading »
Ready reckoner (RR) rates, which are used to calculate market value of properties for payment of stamp duty and registration charges, must be reviewed by the state government to most recent. Undoubtedly, stamp duty collection is one of the biggest money spinners for the Maharashtra government. But for the people who want to buy or sell flats [...] Continue Reading »
